Advance Terrafund REIT (FRA:11B) Enterprise Value: €109.18 Mil (As of Jul. 26, 2026) ***

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:11B Advance Terrafund REIT FRA:11B
38 GF Score
Price €1.23
! 3 Warning Signs
View Full Analysis

What is Advance Terrafund REIT Enterprise Value?

Advance Terrafund REIT FRA:11B -0.40% 38 Enterprise Value is €109.18 Mil as of Jul. 26, 2026. GuruFocus rates FRA:11B with a GF Score™ of 38/100. The stock has 3 warning signs investors should review.

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Advance Terrafund REIT's Enterprise Value is €109.18 Mil. Advance Terrafund REIT's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was €0.80 Mil. Therefore, Advance Terrafund REIT's EV-to-EBIT ratio for today is 135.97.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Advance Terrafund REIT's Enterprise Value is €109.18 Mil. Advance Terrafund REIT's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was €0.80 Mil. Therefore, Advance Terrafund REIT's EV-to-EBITDA ratio for today is 135.97.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Advance Terrafund REIT's Enterprise Value is €109.18 Mil. Advance Terrafund REIT's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was €8.40 Mil. Therefore, Advance Terrafund REIT's EV-to-Revenue ratio for today is 13.00.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, Advance Terrafund REIT's Enterprise Value is €109.18 Mil. Advance Terrafund REIT's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was €3.68 Mil. Therefore, Advance Terrafund REIT's EV-to-OCF ratio for today is 29.65.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Advance Terrafund REIT's Enterprise Value is €109.18 Mil. Advance Terrafund REIT's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €3.68 Mil. Therefore, Advance Terrafund REIT's EV-to-FCF ratio for today is 29.65.

*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.


Advance Terrafund REIT  (FRA:11B) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

Advance Terrafund REIT's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=109.183/0.803
=135.97

Advance Terrafund REIT's current Enterprise Value is €109.18 Mil.
Advance Terrafund REIT's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €0.80 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

Advance Terrafund REIT's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=109.183/0.803
=135.97

Advance Terrafund REIT's current Enterprise Value is €109.18 Mil.
Advance Terrafund REIT's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €0.80 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

Advance Terrafund REIT's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=109.183/8.396
=13.00

Advance Terrafund REIT's current Enterprise Value is €109.18 Mil.
Advance Terrafund REIT's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €8.40 Mil.

4. EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations.

Advance Terrafund REIT's EV-to-OCF for today is:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=109.183/3.683
=29.65

Advance Terrafund REIT's current Enterprise Value is €109.18 Mil.
Advance Terrafund REIT's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €3.68 Mil.

5. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.

Advance Terrafund REIT's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=109.183/3.683
=29.65

Advance Terrafund REIT's current Enterprise Value is €109.18 Mil.
Advance Terrafund REIT's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €3.68 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Advance Terrafund REIT Enterprise Value Related Terms


Advance Terrafund REIT Enterprise Value Historical Data

* Premium members only.

The historical data trend for Advance Terrafund REIT's Enterprise Value can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Advance Terrafund REIT Enterprise Value Chart

Advance Terrafund REIT Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Enterprise Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Advance Terrafund REIT Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Enterprise Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 105.78

FRA:11B vs EQIX, AMT, DLR: Enterprise Value Comparison

For the REIT - Specialty subindustry, Advance Terrafund REIT's Enterprise Value, along with its competitors' market caps and Enterprise Value data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Advance Terrafund REIT Enterprise Value vs REITs Industry

For the REITs industry and Real Estate sector, Advance Terrafund REIT's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Advance Terrafund REIT's Enterprise Value falls into.


FRA:11B
38GF Score
Advance Terrafund REIT FRA:11B
Enterprise Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Advance Terrafund REIT Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

Advance Terrafund REIT's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as

Advance Terrafund REIT's Enterprise Value for the quarter that ended in Mar. 2026 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Enterprise Value →
What does a Enterprise Value of €109.18 Mil mean?
Advance Terrafund REIT (FRA:11B) has a Enterprise Value of €109.18 Mil as of Jul. 26, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Advance Terrafund REIT and its competitors.
Is Advance Terrafund REIT's Enterprise Value too high?
Advance Terrafund REIT's current Enterprise Value is €109.18 Mil. Overall, Advance Terrafund REIT has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Advance Terrafund REIT's Enterprise Value compare to EQIX and AMT?
Advance Terrafund REIT's Enterprise Value of €109.18 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for a REITs company?
A good Enterprise Value depends on the REITs industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Advance Terrafund REIT and its competitors. Advance Terrafund REIT's current Enterprise Value is €109.18 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Advance Terrafund REIT stock overvalued right now?
Advance Terrafund REIT (FRA:11B) has a current Enterprise Value of €109.18 Mil. The current Enterprise Value is €109.18 Mil. Advance Terrafund REIT's overall GF Score™ is 38/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Advance Terrafund REIT (FRA:11B), the current Enterprise Value is €109.18 Mil as of Jul. 26, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Advance Terrafund REIT Business Description

Industry Real EstateREITs
Other Exchanges ATER:Bulgaria
Address 1 Zlatovrah Street, Lozentets District, Sofia, BGR, 1164
Advance Terrafund REIT is engaged in investing in agricultural and urban lands in Bulgaria for the purpose of receiving income from leasing agricultural land to farming companies and selling urban lands to domestic and international investors.
38GF Score

Get the complete analysis for FRA:11B

Enterprise Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€1.23
Price